GLOBAL TECHNOLOGY GRANT

WHAT IS GLOBAL TECHNOLOGY GRANT (GTG)?

GTG  is to nurture global champions, driving investments and catalysing digital innovation ecosystem.

 

The grant will be used solely for the purpose of technology innovation, development and commercialization of innovative commercial-driven product or service

WHAT IS GLOBAL TECHNOLOGY GRANT (GTG)?

GTG  is to nurture global champions, driving investments and catalysing digital innovation ecosystem.

 

The grant will be used solely for the purpose of technology innovation, development and commercialization of innovative commercial-driven product or service

OUR OBJECTIVE

To support the scaling up of Malaysian technology companies into the global arena by way of innovation, development and commercialisation of disruptive or innovative products or services for the global market in order to build Malaysian global icon;

 

To support R&D, scaling up of provision of R&D services, development of new technologies  , establishment of centres of excellence, creation of new disruptive or innovative and market driven product or service  for the global market; 

 

To support high impact ecosystem development initiatives which covers development of multiple players in the ecosystem towards contributing to the desired outcomes of the Fund i.e. new job creation, export, investment, talent development in MDEC’s technology focus areas;

 

Grant Type

* Duration: The quantum of Funding for a project period of up to two (2) years for Type 1 & Type 2

ELIGIBILITY CRITERIA

LOCAL COMPANY: 

  1. Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016; 
  2. Minimum issued and paid up capital of RM20,000;
  3. Minimum of 51% equity held by Malaysian(s). For companies which shareholders are another company, the same rule applies. The checks are limited to three tiers of shareholding.

 

FOREIGN-OWNED COMPANY: 

  1. Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016; 
  2. Minimum issued and paid up capital of RM500,000.

 

In operation for at least 1 year;

  1. Company director/ shareholder/ partner/ senior management to declare and disclose if there is any close business relationship/close family relationship with any of MDEC’s director or employee.
  2. Company director/ shareholder/ partner/ outsourced partner to declare if they are under any litigation  (not applicable for grants under RM 50,000);
  3. Company director/ shareholder/ partner/ outsourced partner to declare if they are blacklisted by BNM, MACC and Securities Commission (SC) (not applicable for grants under RM 50,000);
  4. Companies with common shareholder/s can only submit application for one company only.

 

If previously has received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded project/s.

 

SPECIFIC CONDITIONS

 

  1. The APPLICANT must procure approved cost items from Malaysian incorporated organisations for ecosystem development purpose unless there is valid justification provided such as no local supplier. 
  2. All approved activities must be conducted in Malaysia.
  3. If outsourcing cost is involved, MDEC has the right to conduct background checking to the outsource parties to ensure there is no conflict of interest.

Application Document Required

MANDATORY FOR SUBMISSION

  1. Fully completed and signed application form 
  2. Company Profile
  3. Company’s financial statements ( Copies of 1 year latest Audited Accounts and  as to date Management Accounts). The copy of latest Audited Accountmust be dated and certified by Commissioner of Oath, Company’s Secretary or company’s auditor. If you are unable to do so, please provide justification. (e.g.  previously dormant)
  4. Board of Director Resolution on the appointment of authorized signatory as per template
  5. Curriculum Vitae of all Project Personnel Salaries Details as per project costing and template
  6. Project Proposal.
  7. Provide proof of project completion (i.e: closure letter from the ministries/agencies). For applicant applying or previously received funds. 
  8. Supporting documents evidencing outsourced/collaboration portion of the project as per project Costing
  9. CCRIS report of top 5 major shareholder
  10. MDEC reserves the right to request additional information from the Applicant at any time.

Application Flow

  1. Download the application form by clicking the button below
  2. Register and Login with your credentials to GAIN Awards Platform
  3. Click “Start Application” under My Applications
  4. Select Department “Grants and Funding
  5. Select Program “Global Technology Grant
  6. Provide your company details and upload your application form and supporting documents
  7. Click “Submit Application” once completed (Deadline by 15th September 2021)

GLOBAL TECHNOLOGY GRANT

Don’t Miss This Opportunity and Expand Your Tech Business Globally

FREQUENTLY ASKED QUESTIONS

 Global Technology Grant (GTG) consists of two (2) types as per following:

  • Type 1 – Technology Company
    GTG targets local scale-up technology companies who are ready to go into their first global market or expand their existing global market presence via technology innovation and commercialisation of market-driven product/service. We want to see potential Malaysian unicorn in the making.
  • Type 2 – Technology Accelerator
    GTG also targets foreign technology companies to set up Centres of Excellence to conduct high value technology innovation/R&D activities leading to the development and commercialisation of market driven, innovative product/service for the global market as well as contribute to ecosystem development.

  1. To support the scaling up of Malaysian technology companies into the global arena by way of innovation, development and commercialisation of disruptive or innovative products or services for the global market in order to build Malaysian global icon;
  2. To support R&D, scaling up of provision of R&D services, development of new technologies, establishment of centres of excellence, creation of new disruptive or innovative and market driven product or service for the global market;
  3. To support high impact ecosystem development initiatives which covers development of multiple players in the ecosystem towards contributing to the desired outcomes of the Fund i.e. new job creation, export, investment, talent development in MDEC’s technology focus areas;

Type 1 – Technology Company

i. Number of new IP created
ii. Number of project(s) commercialised
iii. Commercialised value

 Type 2 – Technology Accelerator

i. Number of jobs created related to the technology area
ii. Number of competitive innovative product/services
iii. Number of innovative product(s) commercialised

 

The Applicant must be a company with the registered business activities comprising primarily in technology activities from the service sector.

 

The Applicant is required to meet the following criteria at all times and to continuously meet the criteria throughout the project period:

i. Local company:

a) Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016;
b) Minimum issued and paid up capital of RM20,000;
c) Minimum of 51% equity held by Malaysian(s). For companies which shareholders are another company, the same rule applies. The checks are limited to three tiers of shareholding.

ii. Foreign-owned company:

a) Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016;
b) Minimum issued and paid up capital of RM500,000.

iii. In operation for at least 1 year;

iv. Not the subject of winding up order and has no going concern issue*. (*If the Applicant has going concern issue (as reported in their latest audited account, the Applicant to provide a letter of undertaking by the shareholder and/or director of the Applicant to undertake that in the event that their application is approved, the Applicant shall perform its obligations under the terms & conditions to be issued by MDEC and to provide financial support to the Applicant to enable the Applicant to meet its obligations and/or liabilities under the terms & conditions.)

v. Company director/ shareholder/ partner/ senior management to declare and disclose if there is any close business relationship/close family relationship with any of MDEC’s director or employee.

vi. Company director/ shareholder/ partner/ outsourced partner to declare if they are under any litigation (not applicable for grants under RM 50,000);

vii. Company director/ shareholder/ partner/ outsourced partner to declare if they are blacklisted by BNM, MACC and Securities Commission (SC) (not applicable for grants under RM 50,000);

viii. Companies with common shareholder/s can only submit application for one company only.

ix. If previously has received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded project/s.

x. The business nature of the company - Technology related services.

 

1.The grant may be utilised to undertake the following activities:

i. Research or innovation, development and commercialization of innovative commercial-driven product or service; or
ii. Other project/activity identified and recommended and approved by the approval authority -

2. The approved claimable costs among others, are software or hardware acquisition costs, manpower costs, outsourcing fee for non-core activities, commercialization expenses and other costs to be approved by the approval authority -

Expenses include:
• Cost of IT Hardware and or IT equipment
• Network
• Cost of software
• License fee
• Process redesign
• Testing and certification costs
• Training costs associated to the development of the project
• Salary of direct personnel
• IP Filing

Non-eligible expenses:
• Outsourcing outside Malaysia
• Calibration (deemed as part of maintenance)
• Any form of taxes
• Expenses in obtaining certification & accreditation
• Maintenance of plant / equipment
• General purpose computers and peripherals
• Mobile phones
• Camera
• Furniture or any office interior materials.
• Travelling expenses
• Coaching and mentoring
• Utilities
• Office rental
• Audit fee
• Secretarial fee

 

  1. MDEC to reimburse and pay to the Recipient the amount of the Approved Claimable Cost incurred by the Recipient upon satisfactory of completion of each project deliverables and submission of relevant supporting documents within the timeline specified in the terms and conditions to be issued by MDEC.
  2. The submission of the reimbursement shall include the financial details relating to the Project (in such format as may be specified by MDEC) which have been duly verified by an independent external auditor, to be appointed by the Recipient at the Recipient’s own costs, together with evidence acceptable to MDEC, confirming among other things, the amount of Approved Claimable Costs incurred and requested by the Recipient.

Project development period: Up to twenty-four (24) months.

 

Yes, below are the specific conditions for the grant:

i. The APPLICANT must procure approved cost items from Malaysian incorporated organisations for ecosystem development purpose unless there is valid justification provided such as no local supplier.
ii. All approved activities must be conducted in Malaysia.
iii. If outsourcing cost is involved , MDEC has the right to conduct background checking to the outsource parties to ensure there is no conflict of interest.

MDEC will be promoting Global Technology Grant (GTG) on MDEC’s corporate website and social media platforms with links to an online application form.

i. Interested companies can visit the GTG website for more information and download the application form here
ii. Applicant to complete the GTG application form and submit the application form together with the required supporting documents and upload it at https://gainmdec.awardsplatform.com

i.Register and Login with your credentials to  GAIN Awards Platform:
ii. Click “Start Application” under My Applications
iii. Select Department “Grants and Funding
iv. Select Program “Global Technology Grant”
v. Provide your company details and upload your application form and supporting documents
vi. Click “Submit Application” once completed (Deadline by 15th September 2021)

Companies can start their application from 27th August 2021 until 15th September 2021

MDEC verifies application based on the eligibility criteria and will notify the applicants via email.

Should you have any enquiries with regards to the application, kindly contact our MSC Malaysia Client Contact Centre at 1-800-88-8338 or [email protected]

The approval given is subject to a mutually agreed time-bound deliverables/milestones and as specified in the terms & conditions to be issued by MDEC